Accounting, Bookkeeping, & Tax Blog

Converting your California small business entity to an S corporation is a great decision that provides numerous advantages, but it requires more formalitie [...]

Getting depreciation right is crucial for your small business, as it directly reduces taxable income and impacts your cash flow. Use this guide to learn ho [...]

Many small business owners are surprised to discover that their tax bill doesn’t always match the cash they received. If you’re a partner in a partnership [...]

Both offer liability protection and unique tax advantages, but they diverge significantly in terms of ownership structure, management complexity, and growt [...]

Because the IRS closely monitors this area, failing to pay a reasonable salary is one of the most common triggers for an audit of S corporations. This guid [...]

This move can unlock thousands of dollars in tax savings each year while also positioning your business with a stronger financial infrastructure that suppo [...]

Forming a multi-member LLC is a popular choice among entrepreneurs due to its flexibility, favorable corporate tax considerations, and liability protection [...]

The answer is yes, but the path to maximizing this deduction requires careful planning, strict compliance with IRS rules, and a long-term strategy. This gu [...]

Electing S corporation tax status can unlock meaningful savings and signal a new stage of professionalism in your business. It also introduces stricter com [...]